Finance 100

16. Use a financial calculator or computer software program to answer the following questions:

A. What would be the future value of $15,555 invested now if it earns interests at 14.5 percent for seven years?

B. What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interests rate is 18 percent?

17. Use a financial calculator or computer software program to answer the following questions:

A. What is the percent value of $359,000 that is to be received at the end of twenty-three years if the discount rate is 11 percent?

B. How would your answer change in (a) if the $359,000 is to be received at the end of twenty years?

19. Use a financial calculator or computer software program to answer the following questions:

A. What would be the future value of $19,378 invested now if the money remains deposited for eight years, the annual interests rate is 18 percent, and interest on the investment is compound semiannually?